Bolton successor 'optimistic' despite worst FTSE year

Shah says he has bought into a "basket of banking stocks" to spread the risk in his vehicle, while adding in the consumer cyclical space. Banking stocks, along with the mining sector, were the hardest hit of FTSE blue-chips in 2008, contributing to the index's 31.3% decline. Fidelity International analysis showed HBOS was the worst performing leading stock, down about 90% over the year, followed closely by RBS. Banking compatriots Lloyds TSB and Barclays were also in top 10 laggards. Miners were heavily punished, with four stocks in the sector among the year's ten worst performers. ...